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NORTHROCK FINANCIAL SERVICES, LLC

EIN 93-4164280 · MN · Insurance / Financial Services

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Compensation disclosed2 brokers of record on fileAs reported on Form 5500 (Schedules A and C), U.S. Department of Labor.

Benchmarked against: Insurance / Financial Services · 101–500 employees · same industry, in-state · n=32 employers (your plan plus 31 peers)

149

(latest)

Self-funded

Funding

$96,615

Broker pay, employer-paid lines (2025)

$54.04

94th pct vs peers · n=32

Lines disclosed: Dental · Vision · Life · Long-term disability

Broker pay as a share of insured premium: 4.5% (peer median 6.6%, 42nd percentile).

Without the 9 low-disclosure peers, this plan is at the 91st percentile of 23 comparable plans (your plan plus 22 peers).

Per-participant and share-of-premium comparisons differ because your plan insures more lines than most peers. The line-by-line rates below are the most direct comparison.

Employer-paid $96,615 benchmarked for 2025 · Voluntary $2,361 shown separately, compared by rate only

Broker commission rate by benefit line

What the broker earns on each insured line, as a share of that line's own premium — not a share of total broker pay, and not what the coverage cost. Peers for these tiles: same region, similar covered lives. Full table below. How the national rates are built.

Medical

3.3%

2,275 peer contracts — p25 2.4% · median 3.3% · p75 4.3%. This contract: 3.3%.

Peer median 3.3%

Within peer range

Dental

9.6%

1,739 peer contracts — p25 4.8% · median 7.0% · p75 10.0%. This contract: 9.6%.

Peer median 7.0%

Within peer range

Vision

10.6%

2,257 peer contracts — p25 7.4% · median 10.0% · p75 10.9%. This contract: 10.6%.

Peer median 10.0%

Within peer range

Life

15.0%

450 peer contracts — p25 14.7% · median 17.4% · p75 20.8%. This contract: 15.0%.

Peer median 17.4%

Within peer range

Voluntary / worksite

7.3%

1,859 peer contracts — p25 13.8% · median 19.0% · p75 24.3%. This contract: 7.3%.

Peer median 19.0%

No commission on this contract

Voluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.

Where the $98,976 across all lines goes

Each broker and each benefit line, in dollars

How much broker pay rides inside the premium

Base commission against bonuses and other carrier payments, all funded through premium

Whether this number is drifting

Compensation across every filed year, against the peer median

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Line-item breakdown, multi-year trend, and methodology-backed framing — ready for fiduciary oversight and recordkeeping.

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Benefits covered (latest filing)

Long-term disabilitySeveranceDentalShort-term disabilityApprenticeship / trainingOtherLife insuranceHealth

From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).

Broker history

Benefit lines covered by year — broker identity limited on public pages

Broker identity on this page is limited for public viewers. Sign in with your work email or share your plan basics for the full breakdown on your company.

Commission rates by benefit line

Each insured contract on the filing, with the broker's commission as a share of that contract's own premium. Premium is what was paid to the carrier for the coverage; only the commission column is broker pay.

Benefit lineContractRatevs. peersPosition
Medicalfiled as “Health”Medica Insurance Company3.3%2,275 peer contracts — p25 2.4% · median 3.3% · p75 4.3%. This contract: 3.3%.med 3.3%Within peer range
DentalDelta Dental of Minnesota9.6%1,739 peer contracts — p25 4.8% · median 7.0% · p75 10.0%. This contract: 9.6%.med 7.0%Within peer range
VisionVision Service Plan10.6%2,257 peer contracts — p25 7.4% · median 10.0% · p75 10.9%. This contract: 10.6%.med 10.0%Within peer range
Lifefiled as “Life, Other (ACCIDENTAL DEATH & DI…”Unum Life Insurance Company of America15.0%450 peer contracts — p25 14.7% · median 17.4% · p75 20.8%. This contract: 15.0%.med 17.4%Within peer range
Voluntary / worksite · contract 714597Unum Insurance CompanyPlan 501 · 149 lives · Other (HOSPITAL INDEMNITY)7.3%1,859 peer contracts — p25 13.8% · median 19.0% · p75 24.3%. This contract: 7.3%.med 19.0%No commission on this contract
Voluntary / worksite · contract 714595Unum Insurance CompanyPlan 501 · 142 lives · Other (ACCIDENT)7.4%1,859 peer contracts — p25 13.8% · median 19.0% · p75 24.3%. This contract: 7.4%.med 19.0%No commission on this contract

Bundled and other contracts — no single-line peer comparison

A bundled contract covers two or more lines on one premium (for example Health + Dental). Its effective rate is the commission on the whole premium; it is shown for completeness and never compared with single-line peers, because the mix of lines inside the bundle sets the rate as much as the broker does.

CoversContractEffective ratevs. peers
Life + Long-term disabilityUnum Life Insurance Company of AmericaPlan 501—Bundled; no single-line peer
1 contract under $10,000 in premium — listed for completeness, not compared to peers. Show
  • Voluntary / worksite — Unum Insurance Company — Premium under $10,000 is too small to compare
How the peer group for each line was built
  • Medical: n=2,275 contracts, Midwest, 101-500 covered lives
  • Dental: n=1,739 contracts, Midwest, 101-500 covered lives
  • Vision: n=2,257 contracts, Midwest, 101-500 covered lives
  • Life: n=450 contracts, Midwest, 1-100 covered lives
  • Voluntary / worksite: n=1,859 contracts, Midwest, 101-500 covered lives
  • Voluntary / worksite: n=1,592 contracts, Midwest, 1-100 covered lives

n = the number of peer contracts in that comparison group.

Everything in this table is from the 2025 filing. These 8 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on contracts with no premium reported or on Schedule C service-provider fees, which carry no contract rate.

Who funds this. Voluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.

Peer comparison here is contract-level: each line is matched to single-line contracts covering a similar number of lives. The geography and size band come from that cell's generated scope label. That is a different group from the plan-level peer set, which compares employers on total broker cost per employee, so the two sample sizes are not expected to agree. The national table on the research page includes every single-line contract on that benefit line. Company pages use the tightest cell with at least 10 contracts — region and size when those exist, otherwise national. The two medians answer different questions, so they are not expected to match. Contracts under $10,000 in premium are listed for completeness, with no rate or peer position. A near-zero rate on a large premium usually means the broker is paid elsewhere (through a bundled contract, a Schedule C fee, or commission on other lines), so no market position is shown for that contract.

Plans on file

Expand a plan to see its insured contracts and year-over-year history — the details someone on the plan can recognize and verify.

PN 501NORTHROCK FINANCIAL SERVICES, LLC149 participants (2025)
Long-term disabilitySeveranceDentalShort-term disabilityApprenticeship / trainingOtherLife insuranceHealthSelf-funded

Loading contracts…

Covers = benefits reported on the Form 5500 (welfare benefit codes). Contracts = insured lines itemized on Schedule A; a self-funded medical line never appears there.

At a glance

Primary brokerLimited on public pages
Years on file1
Lead broker continuitySingle year on file
Broker setup2 brokers across benefit lines
Most
Peer benchmarkInsurance / Financial Servicesn=32 · state peers

Is this your company?

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Or share your plan basics to unlock your company’s full detail — the report PDF itself is a separate purchase.

How do similar employers compare?

Employers in the same peer group (Insurance / Financial Services, similar size), from public Form 5500 filings. Open one to see what it pays its broker.

Browse more: Minnesota employer health plans · Insurance / Financial Services plans in Minnesota · all states

Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Most recent plan year on file: 2025. Dataset refreshed October 7, 2026. Plan years are labeled by the year they begin, so a July 2024 – June 2025 plan year is 2024. Filings may lag 12–18 months behind the current plan year.

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